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Creating a pay-for-performance culture is inevitable for retaining valuable employees and reducing employee grievances. It is a fact that the most important factor for retaining top performing employees is evaluating, rating the employees and compensating them appropriately. Most organizations lose time and money by overcompensating poor performers and ignoring performers. By having a centralized system like Performance review software as a tool for performance appraisal, it provides fair compensation and rewards, along with improving employee engagement and retention.
Effective goal alignment and performance appraisal system lets you establish a true pay-for-performance culture at your company by providing the foundation for closely linking the employee rating system, reward systems with individual and team performance, thereby allowing you to hold on to your high performing employees.
AppraisalPoint is a performance management system application developed for managing and tracking employee performances. AppraisalPoint is designed to solve the issues in Employee performance process by making it both efficient and effective for managers and employees which will otherwise be a formidable and cumbersome task.
Performance management software is developed on top of Microsoft SharePoint platform and covers the full Performance reviews and Appraisal lifecycle from defining KPIs at employee, department and organization level, assigning tasks and targets, set different weight ages based on roles and departments, archiving, reporting and ongoing management for all employees in your organization.
AppraisalPoint’s tracking, alerts, reports, and dashboards will enable you to effectively manage all your performance appraisals and its data including feedback for each KPI, employee rating, relevant dates and much more – providing you with operational efficiency benefits as well as visibility to give immediate and detailed report which can be integrated with salary hikes.
As this perfromance evaluation system is based on Microsoft SharePoint, it can leverage your existing investment in SharePoint technology, in-house IT, and user expertise. This Employee Performance Management Software can also interact with external list connected to your existing HRMS for providing employee details.
Configurable Workflow Based On Organizations HR Policy
Maintain Employee Hierarchy Details
Integrate With HRMS For Employee Records
Configurable Weight Age-Based On Roles And Departments
Sections And KPIs Based On Employee Position/grade
By having a proven employee performance management system organization's business impact is often neglected. Apart from speed and process efficiency, by centralizing the performance evaluation system in a standard framework, managers can focus on strategy and create measurable goals for their employees that will support overall company objectives. This, in turn, gives management the tools to evaluate individual performance and performance appraisal throughout the organization and identify top performers for further development and establish a pay-for-performance compensation plan.
Please discuss your needs with us so that we can confirm what can be achieved for you. Any configuration work will be reflected in the accompanying project Statement of Work activity.
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